TERMINATOR Rights Sold to Pacificor. Sony and Lionsgate Lose the Auction

A few days ago, we reported the rights to the Terminator franchise were going to be auctioned off today, and after a marathon bidding session between a number of parties, it seems the Santa Barbara-based hedge fund Pacificor has won the auction and now owns the rights to all future Terminator movies and TV shows. While Sony and Lionsgate both submitted bids, it seems the offer from Pacificor was too sweet, as they not only paid $29.5 million for the rights, but they let Halcyon keep the revenue streams fromTerminator 3: Rise of the Machines and Terminator Salvation. In addition, Halcyon will also get $5 million for every Terminator movie made from now on. It’s a hell of deal for Halcyon, as they not only got a nice lump sum payout, but Terminator 3 and Salvation will continue to generate money for the foreseeable future.

While the future of the Terminator franchise is not yet known, Pacificor is now in the drivers seat. I’m confident we’re going to see more Terminator movies, it’s just a matter of time. (via Deadline)

UPDATE: It seems Pacificor is now talking with Sony and Lionsgate to handle future Terminator films. These talks are currently underway, so expect plenty of updates. (via LATimes)